Question
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:
Basic | Dominator | Total | |||||||
Units produced | 950 | 450 | 1,400 | ||||||
Machine-hours | 4,800 | 2,200 | 7,000 | ||||||
Direct labor-hours | 2,900 | 1,300 | 4,200 | ||||||
Direct materials costs | $ | 10,900 | $ | 3,400 | $ | 14,300 | |||
Direct labor costs | 59,900 | 31,600 | 91,500 | ||||||
Manufacturing overhead costs | 149,394 | ||||||||
Total costs | $ | 255,194 | |||||||
Required:
Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs. (Round your answer to 2 decimal places.)
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
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9780078025525, 9780077517359, 77517350, 978-0077398194
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